Well, for those of you sitting on the fence hoping for a First Time Home Buyer Tax Credit Extension, your wishes could come true this week. As a matter of fact, we could know something by as early as this afternoon.
All the news on this bill shows that it will probably happen very soon. Not only will this bill be an extension to first time home buyers, but they are looking to extend up to a $6,500 tax credit to move-up buyers. For those who have lived in their home for at least 5 years and are ready to move up, now might be the perfect time.
With the real estate market still struggling to pick up and average home prices still low, this could be a great time to find some great bargains and take advantage of the tax credit extension.
We hope to know the outcome of this bill by the end of the week. Stay posted as we will let you know as soon as they officially announce the outcome and the details of this tax credit extension.
We would love to hear your feedback on the first time home buyer tax credit extension. Are you for this? Why or why not? Leave your comments below.
